According to recent market study published by Nova one advisor Market reports titled, “Global Corrugated Wine Box Market Size, Share, Trends Analysis , Opportunity and Forecast, 2021-2027”, the market was valued at US$ 961.2 Million by 2027 and is expected to grow at a moderate growth rate of 5.0% by the year 2027. the Corrugated wine boxes are gaining worldwide market popularity as a lightweight and easy to dispose of packaging solution. Different types of corrugated wine boxes, such as single bottle boxes and multi bottle boxes are being developed by manufacturers to comply with the latest wine packaging trends prevailing in the industry.
As per the current market value share, the single wall board type is expected to hold approximately 69% market share in the year 2021. Making it the most preferred board type to manufacture corrugated wine boxes by producers across the globe, the strength and durability offered by single wall board fuels the demand for the same. Along with that single wall, the board offers wide-ranged customization options for shape, size, and printability to provide marketers and key players to make use of free marketing space on corrugated wine boxes. The research team analyzed the global sales of corrugated wine boxes according to the box capacity, board type, and box type across all five regions of the world. The multi bottle box segment is likely to hold 50% market share in 2021, due to the rising demand for bulk packaging of wine bottles.
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The market survey provides compelling insights into important drivers that enable growth. It highlights untapped potential in a variety of industries. For the purpose of the study, the market has been segmented in terms of by Box Capacity, Board Type ,Box Type, and regions. The report presents an incisive view of various factors impacting growth across these categories. Challenges posing threat also are studied in detail.
Apart from underscoring unexplored prospects, the report is intended to prepare businesses for unforeseen challenges in the future. It covers recommendations to help them navigate their businesses through obstacles to continue reporting growth at a sustainable pace.
COVID-19 Impact on Corrugated Wine Box Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Corrugated Wine Box market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Corrugated Wine Box market 2021 onwards. This trend will however continue through the course of the report’s assessment period
Emerging Nations to Continue Attracting Investments
The expansion of various industries across India, China, Brazil, and other emerging countries will help the Corrugated Wine Box market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.
Expansion initiatives undertaken by various countries will aid the growth of the Corrugated Wine Box market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the Corrugated Wine Box market.
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Rise in International Trade of Wine Fueling Demand for Wine Boxes
- The market popularity of alcoholic beverages has increased, and it has resulted in higher demand for wine and other alcoholic beverages, not only in the domestic market but also in the international markets. For instance, in Italy, which is ranked as one of the largest wine producers in the world, the demand for wine produced is highest. Thus, the increase in international trade of wine eventually results in increased demand for safe packaging solutions for transporting it. Thus, the rising demand for packaging solutions fuels the demand for corrugated wine boxes.
- By packaging wine in the corrugated wine boxes, exporters can comply with strict packaging laws of some countries, which restricts the usage of single-use plastics and other pollutant materials for packaging the products
- International brands are most preferred by consumers in all countries; increase in the demand for export and import of wines in major wine consuming countries of the world
List of key players are Marber S.r.l., Shenzhen Qingxin Packaging Co. Ltd, Graficas Digraf, Nordpack GmbH, Cartotrentina S.r.l., Scotton SpA, Smurfit Kappa Group, Mondi plc, Stora Enso Oyj, and OrCon Industries.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Corrugated Wine Box Market Structure
Corrugated Wine Box Market by Box Capacity
- Single Bottle Box
- Multi Bottle Box
Corrugated Wine Box Market by Board Type
- Single Face Board
- Single Wall Board
- Double Wall Board
- Triple Wall Board
Corrugated Wine Box Market by Box Type
- Slotted Box
- Folded Box
- Telescope Box
- Die-Cut Box
The regional segmentation covers:
-North America Region (U.S., Canada, Mexico)
-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
-South America Region (Brazil, Argentina, Columbia, Rest of South America)
-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Table of content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Continued…
Key Findings of the Corrugated Wine Box Market Study
- Backed by the presence of well-established industrial infrastructure and willingness to spend on advanced technologies will strengthen North America’s hold in the global market.
- The Europe market will continue gaining from surging demand in Germany, U.K., Italy, France, and Spain.
- Investment towards industrialization and favourable policies intended at encouraging foreign investment will drive growth in India and China, sealing Asia Pacific’s position as a highly lucrative market for Corrugated Wine Box.
- In Latin America, the market will gain from surging focus on economic development.
Why Buy this Report?
The purpose of Nova one advisor’s Corrugated Wine Box market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Some of the key highlights of the report are:
- Corrugated Wine Box Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Nova one advisor presents the most precise rate of growth for the market for the assessment period starting from (start year) to (end year).
- Corrugated Wine Box Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
- Key Market Segments – To present an exhaustive overview, the global Corrugated Wine Box market is segmented in terms of by Box Capacity ,Board Type ,Box Type, and region. Opportunities existing across each of these categories are reflected on to help businesses realize their true potential.
- Competitive Landscape Analysis – Some of the leading companies operating in the Corrugated Wine Box market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
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